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Hair Care Products Market Growth Study, Future Trends, Demands, and Top Players Data by Forecast to 2030

Report Ocean published the latest research report on the Hair Care Products market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Hair Care Products market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.

The Hair Care Products Market size was US$ $$ billion in 2020. The keyword market is forecast to reach the value of US$ $$ billion by 2027 by growing at a compound annual growth rate (CAGR) of $% during the forecast period from 2021-2027.

Hair care products help to control the properties and behavior of one’s hair so that it can be maintained and styled in a desirable manner.

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The market of hair care products is growing with healthy growth rate owing to the increasing number of fashion-conscious consumers and rise in male grooming, coupled with increasing demand for healthy, lustrous, and manageable hair.

Moreover, the expanding aging population and subsequent adoption of hair colors and dyes have also provided thrust to the market growth. Also, a surge in hair and scalp related problems among the consumers has led to several product innovations by manufacturers accommodating the prevalent and changing consumer tastes and preferences, thereby facilitating the demand for hair care products in coming years.

Growing urbanization coupled with increasing beauty consciousness among men is expanding the demand for grooming products such as hair gels, hair spray among the male population which in turn is fueling the growth of the hair care products market. In addition, the climate variations is another driving factor that tends to hamper the hair conditions living in a certain geographic condition, thus augmenting the demand for proper hair care products to adapt in such locations.

Another key factor supporting the growth of the global hair care market includes the growing popularity of hair care treatments such as hair spa and deep nourishment. In addition, a rising number of mergers and acquisitions between companies, along with the increasing focus on personal grooming and online retail for hair care products are some of the latest trends for the global hair care market.

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COVID-19 Impact

The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the Hair Care Products Market also experienced a slowdown. Statista estimates that the Hair Care Products Market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the Hair Care Products Market generated revenues of US$ 5.4 trillion at a record high.

The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the Hair Care Products Market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.

Shampoo Segment is expected to hold the dominant position in global hair care products market during the anticipated period

Among all the hair care products type, the shampoo segment held a dominant position in the hair care products market which is also expected to retain its dominance over the forecast period. Owing to the huge availability of specialized products such as herbal shampoo, baby shampoo, anti-dandruff shampoo, gluten-free shampoo, and shampoo for color treated hair is fuelling growth of this segment. Furthermore, dry shampoo is gaining significant traction due its advantages such as increased ease and convenience over liquid shampoo which in turn, is driving the growth of the shampoo segment in coming years. Additionally, creative advertising campaigns of hair care products is increasing the popularity of herbal hair care products, technology innovations in product manufacturing, rising disposable income with the increase in spreading power on hair care are some of the major key factors driving the growth for global hair care market.

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Asia Pacific is expected to be the fastest growing region in global hair care products market during the anticipated period

The Hair care products market is categorized into five regions North America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is expected to witness high growth rates in the coming years due to an emerging economy, improvement in living standards, rising hygiene awareness and increasing hair related problems due to an unhealthy lifestyle, seasonal and climatic factors. Meanwhile, North America holds the largest hair care market share followed by Europe, owing to the new hair care products innovations and increasing demand for natural and organic hair care products in these regions. Moreover, The United States has been increasing in population demographics which have been opting for better hair care solutions along with the independents movements among the populations, such as the Natural Hair Movement, which emphasizes that the population of African descent to maintain their traditional form of hairstyles, thus increasing the use of specific hair care products.

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Hair Care Products Market: Competitive Landscape

The key players operating in the global hair care products industry include L’Oreal Group, Henkel AG & Co., Procter & Gamble Co., Unilever Corporation, Kao Corporation, Aveda Corporation (Estee Lauder), Avon Products Inc., Revlon Inc., Olaplex, and Pai Shau. Most of the key players are engaged in adopting strategies such as mergers and acquisition, collaborations, and new product development to increase their global market share.

The in-depth analysis of the report provides the growth potential, upcoming trends and statistics of Global hair care products Market size & forecast. The report promises to provide state-of-the-art technology of hair care products production and industry insights which help decision makers to take sound strategic decisions. Furthermore, the report also analyzes the market drivers and challenges and competitive analysis of the market.

What are the key findings of the report?

This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

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Updated : 2022-05-25 11:23 GMT+08:00